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QUESTION
Consider a 30-year, $128,000 loan made at 5.00% APR. If the loan is an installment loan with monthly payments, what will the monthly payment be?
- Consider a 30-year, $128,000 loan made at 5.00% APR. If the loan is an installment loan with monthly payments, what will the monthly payment be? Assuming all loans are made on time, in full, how much of the 125th payment will go to paying down interest?
